NAGA Launches Stock Trading for Eur 0.99 per Trade In More Than 100 Countries and Announces Its Own NFT Platform for Q4

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NAGA Launches Stock Trading for Eur 0.99 per Trade In More Than 100 Countries and Announces Its Own NFT Platform for Q4

Hamburg, October 26, 2021 – NAGA Group AG (XETRA: N4G, ISIN: DE000A161NR7),  provider of the social network for trading, cryptocurrencies and payments NAGA.com is  launching new products for its investing and digital asset platform. 

Effective immediately, NAGA introduces trading in physical stocks for EUR 0.99 per  trade for customers from over 100 countries. This means that NAGA can cover far  more regions than the competition at extremely attractive pricing. 

“Our vision is largely based on a broad range and direct access to financial products  worldwide. In the current year we have recorded over EUR 3 billion of trading volume  on shares, mainly in Europe. After a long planning period, we have now managed to  expand the stock offering to over 100 countries and still offer an extremely attractive price model. Hence, we now offer more than 1,500 tradable assets. With this step, we  will be able to address a wider range of users and at a lower cost. The whole offering is  also instantly connected to our social trading functions,” said Benjamin Bilski, founder  and CEO, commenting on the launch. 

He adds:

“Financial influencers who normally present their own trades on YouTube,  Instagram or TikTok are already using their own NAGA profile and successfully  monetize their content through the platform. With expanding to a more attractive  pricing model we expect further user activity.” 

The offering is live and can be accessed from the NAGA account. More information is available at https://naga.com/real-stock-trading.

NAGA’s NFT marketplace is coming 

NAGA is also announcing its own NFT marketplace which is planned to launch late Q4. NFT stands for “Non-Fungible-Token” and allows assets or their ownership structure to  be digitally stored on a decentralized database via the blockchain. NFTs are  particularly popular in digital art, sports, and music. The trading volume in 2021 is  estimated at over USD 20 billion. 

“The NFT market is growing rapidly and will continue to develop. With NAGA we want  to offer our users a direct route to NFT trading and position ourselves early as the  mass adoption is yet to come. Since a digital wallet and cryptocurrencies are required  for NFT trading, and we already offer this on our platform, NAGA users will be able to  enter the world of NFTs directly without an additional signup. We strongly believe in the NFT market because almost anything can be tokenized. The NFT movement is  revolutionizing ownership and making it virtually independent of location”, says Bilski. 

The NAGA NFT platform will allow users to create and trade their own works of art,  music and digital content. The in-house NAGA wallet will be used to pay for and store  the NFTs on the Ethereum blockchain. Users can also use the NAGA NFT platform via  a wallet connect. Income is generated by creating as well as actively trading on the  platform. NFT owners can dynamically set a “royalty fee” and thus receive a  percentage of the trade per transaction. NAGA plans also to drop an own NFT  collection for the launch. 

“We expect a greater reach, new acquisition channels and revenue streams. We will  become the first investment platform to offer social trading, stock trading,  cryptocurrencies, payment services and NFT trading. This once again underlines our  vision of becoming a super app for investments and digital money management”, concludes Bilski. 

Interested parties can already register on a waiting list at https://www.naga.com/nft and be informed directly about the launch of the platform. 

About NAGA 

NAGA is an innovative fintech company that has developed a socially enhanced financial system that  creates a unified and seamless experience across personal finance and investing. Its proprietary  platform offers a range of products ranging from trading, investing, and cryptocurrencies to a physical  Mastercard and social investing features such as a Feed, a Messenger and Auto-Copy. NAGA is a  synergistic all-in-one solution that’s accessible and inclusive, and that provides a better way to trade,  invest, connect, earn, acquire and pay, across both fiat and crypto.

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